Three landscapers, Allen, Betty, and Christina, are visiting the lawn and garden supply store. Allen is choosing between a mower with a 40-inch blade and a mower with a 28- inch blade. Betty is picking up her mower, which was in for scheduled maintenance. Christina is putting up a For Sale sign advertising her equipment and list of customers. Who is operating in the long run?
a. Allen and Christina
b. Betty and Christina
c. Allen only
d. Betty only
e. Christina only
A
Economics
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If the quantity of a good or service demanded at the existing price is greater than the quantity supplied, ________ exists
A) a shortage B) a surplus C) market equilibrium D) All of the above are possible.
Economics
Define the terms "production" and "production function." Differentiate between the short run and the long run based on the usage of inputs by a firm
What will be an ideal response?
Economics